---
schema_version: "secwatch.filing_event.v1"
accession: "0000711669-24-000004"
form_type: "8-K"
ticker: "CBAN"
cik: "0000711669"
company_name: "COLONY BANKCORP INC"
filed_at: "2024-01-23T23:59:59+00:00"
generated_at: "2026-06-06T20:17:43.170124+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Colony Bankcorp promotes Derek Shelnutt to EVP and CFO effective Jan 23

## Summary
- Shelnutt appointed Executive VP & CFO of Colony Bankcorp; annual salary $205,000.
- Previously served as SVP & Chief Accounting Officer since May 2022; CFO of Colony Bank since July 2023.
- Over 10 years financial services experience; holds CPA in Georgia and South Carolina.
- Existing employment agreement with the Bank dated July 1, 2023 remains unchanged.

## SEC filing metadata
- accession: 0000711669-24-000004
- form_type: 8-K
- ticker: CBAN
- cik: 0000711669
- company_name: COLONY BANKCORP INC
- filed_at: 2024-01-23T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/711669/000071166924000004/0000711669-24-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/711669/000071166924000004/cban-20240118.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000711669-24-000004
- JSON: https://secwatch.observer/filing/0000711669-24-000004.json
- Plain text: https://secwatch.observer/filing/0000711669-24-000004.txt

## Key facts
- Executive change
  Derek Shelnutt was named as Executive Vice President and Chief Financial Officer at COLONY BANKCORP INC.
  - Action: named
  - Role: Executive Vice President and Chief Financial Officer
  source text: On January 18, 2024, Colony Bankcorp, Inc. (the “Company”), named Mr. Derek Shelnutt, the current Chief Accounting Officer of the Company and Chief Financial Officer of Colony Bank (the “Bank”), as Executive Vice President and Chief Financial Officer of the Company effective January 23, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/711669/000071166924000004/0000711669-24-000004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.